Page 250 - F3 -FA Integrated Workbook STUDENT 2018-19

Chapter 18

2.5 Cash and bank summaries
It is common for questions on incomplete records to include a summary of the cash
and bank transactions. Such a summary is called a receipts and payments
account. Very often there is a figure missing from the summary. Preparing a ledger
account enables the missing figure to be derived.
This can be simplified using the following ledger accounts.

Cash at bank
Date Details $ Date Details $
01 Jan Balance b/d X In year Cash paid to suppliers X
In year Cash received from X In year Expenses X
customers
In year Bankings from cash at X In year Drawings X
hand
In year Sundry income X 31 Dec Balance c/d X

––– –––
X X
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Cash at hand
Date Details $ Date Details $
01 Jan Balance b/d X In year Cash purchases X
In year Cash sales X In year Cash expenses X

In year Sundry other receipts X In year Cash banked X
In year Cash drawings X
31 Dec Balance c/d X
––– –––
X X

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Illustrations and further practice

Now try Illustration 1 Chapter 18 of the Study Text.

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